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Fuel prices likely to fall in Pakistan

ISLAMABAD: Petrol and diesel prices in Pakistan are likely to go down in the upcoming fortnightly review as global oil prices continue their downward...

Russia lifts ban on most diesel exports

Russia's government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept....

Petrol price to remain unchanged, diesel hiked by Rs7.5

ISLAMABAD: Finance Minister Ishaq Dar has announced that the prices of petrol will remain unchanged while the diesel price hiked by Rs7.5 per liter,...

Petrol price to remain unchanged; diesel cut by Rs5

ISLAMABAD: The federal government has reduced the prices of all petroleum products, except petrol, by Rs5 to 10 per litre for the next fortnight...

Hike in petrol prices: Finance Ministry issues clarification

ISLAMABAD: The Finance Ministry on Saturday issued a clarification over the circulation of speculative reports about an increase in prices of petrol and diesel,...

Govt rubbishes rumours of petrol, diesel shortage in Pakistan

ISLAMABAD: The federal government on Wednesday rubbished rumours of petrol and diesel shortage in Pakistan, stating that the oil reserves required by the country...

Govt increases petroleum levy on diesel

ISLAMABAD: The federal government has raised the Petroleum Development Levy (PDL) on high-speed diesel (HSD) by Rs7.50 per litre, ARY News reported on Sunday...

Govt hikes petrol, diesel prices by Rs35 per litre

ISLAMABAD: Finance Minister Ishaq Dar on Sunday announced that the federal government has decided to raise the prices of petrol and diesel by Rs35...

OGRA rejects speculations about fuel price hike

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Saturday expressed serious concern over the circulation of speculative reports about an increase in prices of...

IMF target: Govt jacks up levy on diesel to Rs35/litre

ISLAMABAD: Acting on the International Monetary Fund's (IMF) demand, the federal government jacked up the levy on diesel to Rs35/litre, ARY News reported on...

OGRA rejects OCAC’s reservations about diesel shortage

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Tuesday rejected the reservations of Oil Companies Advisory Council (OCAC) About the shortage of diesel in...

Govt increases petroleum levy on diesel

ISLAMABAD: The federal government has increased the petroleum levy on high-speed diesel (HSD) by eight paisas per litre a day after increasing prices of...

Govt increases dealers’ margin on diesel

ISLAMABAD: The federal government has increased the dealers’ margin to Rs7 per litre on the High-Speed Diesel (HSD) from the current Rs4.13, ARY News...

Fuel prices to increase due to levy, dealers’ margin hike , sources

Fuel prices in the country are expected to go up before August due to IMF's condition to increase levy, and increase the dealers' margin,...

Govt eyeing ‘another hike’ in petrol, diesel prices

ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) leader Farrukh Habib on Monday said that they have reports of another hike in petrol and diesel prices by Prime...

Govt earning Rs50 on petrol, Rs80 on diesel: Shaukat Tarin

ISLAMABAD: Former finance minister Shaukat Tarin has strongly criticized the federal government for increasing the petrol prices, saying that the PML-N-led regime is earning...
00:04:35

Explainer: Who Controls Petroleum Prices?

Across the globe, oil remains a key component of the energy mix. In countries where crude oil is found in large quantities, they sell...

PSO rules out shortage of diesel in Karachi, adjoining areas

KARACHI: Pakistan State Oil (PSO) on Monday ruled out a shortage of diesel in Karachi and adjoining areas, ARY News reported. PSO spokesperson in a...

Subsidy on petrol, diesel caused losses of Rs67 bn, federal cabinet told

ISLAMABAD: The national exchequer suffered losses of Rs67 billion owing to subsidies on diesel and petrol, the first meeting of the federal cabinet headed...

Petrol price likely to go up by Rs83.5, diesel by Rs119

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has proposed the federal government make a massive hike in fuel prices, up to Rs83.5 per...
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